MUMBAI (Reuters) - India gold futures edged lower on Monday morning due to a firm dollar overseas earlier, but bargain-buying kept the downside limited, analysts said. The most-traded April contract on the Multi Commodity Exchange was trading 0.21 percent lower at 16,252 rupees per 10 grams at 10:27 a.m., while March silver was 0.51 percent lower at 24,200 rupees per kg.
The dollar index, was steady at 80.432, not far from a high of 80.512, its strongest since July 2009. A strong dollar dims the yellow metal's appeal as an alternative investment.
For a technical look at gold double click (www.reutersindia.net/gold.htm)
(Reporting by Siddesh Mayenkar; Editing by Prem Udayabhanu)
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